Massmart Just bomb it on the tab
Massbuild, in partnership with Standard bank, is extending a R20million line of credit to ten pre-approved BEE construction businesses which, without such a facility, might not otherwise be able to go after the big government or community upliftment contracts in which they specialize, from low-cost housing to libraries and hospitals. They’ll also be offering technical and operational assistance through Tusk Construction Support Services which will give them advice on inter alia, cash flow and supply chain management. And once this endeavour is bedded down, the Men in Black intend to boost the funding and extend the offer to more contractors. This move will not only extend the customer base, a sector of which generally buys around 65% of its supplies on tick, but also develop the enterprises in question.
Comment: While doing the right thing by the community and securing for themselves a tidy share of the government buck. Win, win, win, you’d have to say.